Author: joverv

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Montreal, February 24, 2022 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the results from a new induced polarization (“IP”) survey (the “2021 IP”) on the Company’s 100% owned Sakami project (see Figures 1 and 2).

Highlights

• IP anomalies over 2.5 km along strike south of the La Pointe deposit that are associated with an interpreted large size intrusive body; and
• New drill targets identified while other targets continue to be drilled currently.

Normand Champigny, QPM’s Chief Executive Officer, stated: “We have expanded significantly the known volume of mineralization and are encouraged by the interpreted large intrusive body. The 2021 IP results indicate that the La Pointe Extension deposit continues to the south over a target area similar in size to the deposit that we are currently drilling based on the 2020 IP results.”

The 2021 IP (92 line-km) outlined new drilling targets along strike and south of the La Pointe Extension deposit. Drill targets are outlined by the integration of the 2021 IP results with historical IP survey results, high-resolution heliborne magnetic data and interpreted structural features. There is a good spatial correlation between the known gold mineralization on surface and in drill holes and the IP anomalies at the La Pointe and La Pointe Extension deposits. This correlation assists management in identifying high priority targets over the 2021 area south of the La Pointe Extension deposit.

The Company earlier had defined the La Pointe Extension deposit over a strike length of 3,750 m and to a minimum depth of 400 m with an estimated true thickness of 39 m (see press release of June 9, 2021) up to 75 m in the central part of the deposit. As a result of the 2021 IP, additional drill targets have been identified along strike of the deposit and QPM plans to test them in 2022. 

In addition to carrying out the 2021 IP, last month QPM resumed drilling as part of the 10,000-metre program that began in 2021 (see press release of November 2, 2021). The goal of this drilling is to expand the La Pointe Extension deposit to support the Company’s maiden mineral resource estimate. The Company expects that resource estimate will be available in the third quarter of this year The initial results of the winter drilling campaign, delayed by longer turnaround times at the third-party labs, are expected shortly.

About the induced polarization method

IP is a geophysical method that injects electrical current into the ground through electrodes and measures the voltage response. The measurements are used to determine the chargeability of the hosting metallic minerals, particularly sulphide minerals, and the resistivity of the bedrock. A higher concentration of chargeable material will generally produce a stronger response. The method is used to detect disseminated sulphide minerals (such as pyrite present at the La Pointe Extension deposit) in resistive environments and associated with gold mineralization.

Geosig Inc. (based in Quebec City) conducted the 2021 IP using a pole-dipole array along 100-metre spaced lines with readings every 25 m (n=1 to 8). Processing and interpretation of the geophysical data was performed by Inter Géophysique Inc. (based in Rosemère).

The Sakami Project

The Sakami Project provides the Company with a controlling position over a 23-km long segment of a favourable geological contact and comprises 281 claims (142 km²). It is located 570 km north of Val d’Or, Quebec, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure, including major access roads, a hydro-powered electric grid and airports, are present in the region. Drilling can be carried out throughout the year.

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Company, and Qualified Person under NI 43-101 on standards of disclosure for mineral projects, has prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Sakami project and advance to the mineral resource estimate stage.

For more information, please contact:

Normand Champigny
Chief Executive Officer 
Tel.: 514 979-4746
Email: nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This release includes forward -looking statements. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production output. 

Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of resources or reserves, political and social risks, changes to the regulatory framework within which the entity operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation. 

Forward-looking statements are based on the entity and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect business and operations in the future. There are no assurances that the assumptions on which forward-looking statements are based will prove to be correct, or that the business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the entity or management or beyond the entity’s control. 

Although there have been attempts to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the entity. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. 

Forward-looking statements in this release are given as at the date of issue only. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the entity does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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Montreal, February 15, 2022 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report preliminary test results from six (6) representative samples from the La Pointe and La Pointe Extension deposits on the Company’s 100% owned Sakami project in the Eeyou Istchee James Bay territory of Quebec. 

Highlights of the test results

• Optimal gold recovery would require a conventional milling flowsheet with crushing, grinding, gold leaching and dissolved gold recovery.
• Gold recoveries ranging from 91% to 99% were obtained from six (6) representative composite samples with cyanidation. 
• The grinding Bond work index ranges from 9.1 to 11.1 kWh/t, which is considered as medium strength values in the gold extraction industry.
• The mineralogical composition confirms that no deleterious components to cyanidation processes are present in the tested material.

Normand Champigny, QPM’s Chief Executive Officer, stated: “We are happy to receive the confirmation of the excellent gold recoveries and the lack of deleterious component. This enhances the economic potential of the Sakami Project with metallurgical results in line with operating gold mines. The results are an important step for the Company as the project progresses towards its maiden resource estimate. Additional test work is planned and will be integrated with the estimate.”

The metallurgical testing program was performed at the Centre technologique des résidus industriels (CTRI), based in Rouyn-Noranda, under the supervision of Soutex inc. (“Soutex”). The program’s objective was to deliver preliminary metallurgical data to support the preparation of a mineral resource estimate. The tests included quantitative mineralogical analysis, grindability tests (to determine grinding power requirements) and cyanidation tests at two (2) grinding levels with P80 of 75 and 40 µm.

A total of 187 core holes (53,861 m) have been drilled at the La Pointe and La Pointe Extension deposits. QPM is currently drilling to expand the La Pointe Extension deposit (see press release of November 2, 2021) in preparation for a mineral resource estimate. The La Pointe deposit has been defined over a strike length of 950 m and to a minimum depth of 700 m with an estimated true thickness of 35 m in the main portion of the deposit. The La Pointe Extension deposit has been defined over a strike length of 3,750 m and to a minimum depth of 400 m with an estimated true thickness of 39 m (see press release of June 9, 2021) in the central part of the deposit. The central part of the deposit shows an average true thickness of 39 m and up to 75 metres.

Six (6) drill hole composite samples taken from the La Pointe and La Pointe Extension deposits were prepared. The samples assayed head grades ranging from 1.0 to 3.6 g/t Au. The samples are considered spatially representative of the deposits and the geological character of the mineralization.

Mineralogical analysis

A quantitative scan mineralogical analysis (QEMSCAN) has been conducted on each sample to measure their sulphide minerals content, with results ranging from 1.9 to 3.4%. The primary sulphides present are pyrite, pyrrhotite and arsenopyrite. The concentration levels of these samples are not significant enough to impact the cyanidation process. The other main constituents are quartz and feldspar.

Grindability tests

The grinding Bond work index was determined from the samples. The values vary from 9.1 to 11.1 kWh/t. These values are considered as medium, meaning that energy required for grinding will be in the medium range compared to other ores of similar type.

Cyanidation tests

The cyanidation results show that recoveries significantly improve with a decrease in particle size P80 from 75 to 40 µm, with the recovery gain outweighing the expected additional grinding cost. The sodium cyanide consumption is low at about 0.4 kg/t after 36 hours, and the hydrated lime consumption is at 2 kg/t. The leaching time of 36 hours is sufficient to obtain maximum recovery. The gold dissolution rate for a P80 of 40 µm on two samples higher in arsenic was at 91% while varying from 95 and 99% for the other samples. Additional testing has been performed to evaluate the gold deportment, such as the diagnostic leach test. The results show no potential metallurgical improvement using flotation or gravimetric process in complement to cyanidation.

The test results demonstrate that the best extraction option is a conventional milling flowsheet consisting of crushing, grinding and gold leaching. The sulphur content ranges from 1 to 2%, and the types of sulphide minerals are not harmful to the cyanidation process. There is a lack of deleterious components other than sulphides. 

The Sakami Project

The Project provides the Company with a controlling position over a 23-kilometre-long segment of a favourable geological contact and comprises 281 claims (142 km²). It is located 570 km north of Val d’Or, Quebec, 120 km east of the municipality of Wemindji, 90 km from the Éléonore gold mine and 47 km northeast of the paved James Bay Road. Good infrastructure, including major access roads, a hydro-powered electric grid and airports, are present in the region. Drilling can be carried out throughout the year.

Qualified Persons

The metallurgical test results were reviewed by Pierre Roy, P.Eng. specialist in mineral processing for Soutex inc. and Qualified Person under NI 43-101. Normand Champigny, Eng., Chief Executive Officer of the Company, and Qualified Person under NI 43- 101 on standards of disclosure for mineral projects, has prepared and approved the technical content of this release.

About Soutex

Soutex is a consulting firm specializing in ore processing and metallurgical processes. Founded in 2000 and with offices in Canada and Germany, Soutex has more than 40 metallurgists, process engineers and technicians representing one of the largest groups of specialists in this field in Canada.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and advance to the mineral resource estimate stage.

For more information, please contact:

Normand Champigny
Chief Executive Officer 
Tel.: 514 979-4746
nchampigny@qpmcorp.ca 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

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HIGHLIGHTS 

• Vital previously entered into an agreement to acquire Quebec Precious Metals Corporation’s 68% interest in Kipawa and 100% of Zeus heavy rare earth projects in Quebec, Canada, for C$8 million staged over 5 years 
• Technical and legal due diligence successfully completed
• Due diligence period extended by 9 months to allow for more extensive engagement with local communities during the definition of project development plans
• Kipawa and Zeus are heavy rare earth projects which complement Vital’s light rare earth operations at Nechalacho

Vital Metals Limited (ASX: VML) (“VML”, “Vital”, “Vital Metals” or “the Company”) advises that it has amended the terms of the acquisition of Quebec Precious Metals Corporation’s (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) (“QPM’s”) 68% interest in the Kipawa exploration project and 100% interest in the Zeus exploration project (the “Projects”).

The terms of the acquisition have been amended to extend the due diligence period by 9 months to 30 September 2022.  This extension will enable Vital to undertake more extensive engagement with local communities to help inform the details of its plan for the development of the Projects.

Vital Metal’s Managing Director, Geoff Atkins, stated: 

“We are pleased to report that Vital has been undertaking technical and legal due diligence on the Kipawa rare earth project, which has been satisfactory to date.  We are also pleased to advise that with an extension to this process we will now expand our engagement with Kipawa’s local communities and in particular with the Kebaowek and Wolf Lake First Nations during the project definition phase over the next 9 months. Vital’s commitment is to build strong local relationships and partnerships. We hope that this engagement during the project definition phase will enable us to establish strong indigenous and community relationships and partnerships at Kipawa, as we have successfully done at the Nechalacho mine in the Northwest Territories.”

QPM’s Chief Executive Officer, Normand Champigny, stated: 

“We are pleased with the progress of the due diligence process and applaud Vital’s commitment to build strong local relationships and partnerships.”

Since signing the agreement for the acquisition of the Projects, Vital has completed technical and legal due diligence, which has been satisfactory to date.

Contacts:Mr.

Geoff Atkins
Managing Director
Vital Metals Limited
Phone: +61 2 8823 3100
Email: vital@vitalmetals.com.au

Mr. Normand Champigny
Chief Executive Officer
Quebec Precious Metals Corporation
Phone: +1-514 979 4746
Email: nchampigny@qpmcorp.ca

This announcement has been authorised for release by the Board of directors of Vital and QPM.

ABOUT QUEBEC PRECIOUS METALS CORPORATION

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the project to advance it to the mineral resource estimate stage.

ABOUT VITAL 

Vital Metals Limited (ASX: VML) is Canada’s rare earths producer following commencement of operations at its Nechalacho rare earths project in Canada in June 2021. It holds a portfolio of rare earths, technology metals and gold projects located in Canada, Africa and Germany.

Forward-Looking Statements

This release includes forward -looking statements. Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production output.

Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of obtaining necessary licences and permits and diminishing quantities or grades of resources or reserves, political and social risks, changes to the regulatory framework within which the entity operates or may in the future operate, environmental conditions including extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.

Forward-looking statements are based on the entity and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect business and operations in the future. There are no assurances that the assumptions on which forward-looking statements are based will prove to be correct, or that the business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the entity or management or beyond the entity’s control.

Although there have been attempts to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be anticipated, estimated or intended, and many events are beyond the reasonable control of the entity. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.

Forward-looking statements in this release are given as at the date of issue only. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the entity does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.

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Montreal, February 1, 2022 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) announces that Jean-François Meilleur, President and Director, has stepped down from responsibilities with the Company, including as a director, effective as of the date hereof, to pursue other opportunities.  This change is supported by the Board of directors and will further improve the Board’s independence. 

Normand Champigny, CEO of QPM, stated: “Jean-François has made an important contribution both in respect of the creation of the Company and its advancement since that time. We thank him for all he has done for QPM. We wish him the best of success in his future endeavours.”

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

For more information please contact:

Normand Champigny
Chief Executive Officer 
Tel.: 514 979-4746
nchampigny@qpmcorp.ca 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Montreal, December 15, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is proud to announce that it has received certification to UL 2723: ECOLOGO Certification Program for Responsible Development for Mineral Exploration Companies. QPM has successfully earned UL’s ECOLOGO® Certification, which includes use of the UL ECOLOGO^® Mark, and registration in UL’s SPOT sustainable product database. The Company is pleased with this accomplishment and intends to continue working to promote this certification and its advantages, helping to make it a key objective in the mineral exploration sector.

Supported by industry, investors and government authorities, the Quebec Mineral Exploration Association (QMEA) initiated, in 2012, the certification project aimed at evaluating and recognizing the responsible practices of mineral exploration companies and their service providers. The Chair in Mining Entrepreneurship (CME) of the Université du Québec en Abitibi-Témiscamingue/Université du Québec à Montréal developed the first version of the normative document and UL created UL 2723 based on CME’s document, which can be used for ECOLOGO® Certification. 

Normand Champigny, CEO of QPM, stated: “We are proud to achieve this certification, especially since it exemplifies our commitment to implementing leading environmental, social and economic practices as essential to our success and creating significant shareholder value. We would like to thank the Quebec Mineral Exploration Association and their coaching program for their collaboration. We greatly appreciate their support and guidance and are grateful for their contribution to the success of our efforts.”

A plan for the future 

The responsible development of mineral resources has become a requisite. It is a factor in all parts of society, and every project needs to be designed and executed with it in mind. For mineral exploration companies and their service providers, that entails applying leading social, environmental, and economic practices.

For QPM, UL ECOLOGO^® Certification for Mineral Exploration promotes a better work environment, motivates employees, improves the Company’s appeal as an employer, strengthens strategic planning, and aids in risk management. QPM believes that being UL certified means that QPM will likely be better prepared for changes to legislation and could enter into better relationships with local communities and other stakeholders, which will contribute to the social acceptability of the Company’s projects. In completing the process, QPM showed that it has met all of the responsible development indicators required to achieve UL ECOLOGO^® Certification for Mineral Exploration.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

About QMEA

The Quebec Mineral Exploration Association (QMEA) is a non-profit organization that represents players in Quebec’s mining sector. Founded in 1975 to increase mining exploration in Québec and support development of Québec’s mining entrepreneurship, QMEA now has 1,000 individual members (prospectors, geologists, geophysicists, brokers, tax experts, attorneys, etc.) and 150 corporate members.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

UL ECOLOGO® 

Certification for Mineral Exploration

https://canada.ul.com/ulcprograms/explore/
https://spot.ul.com/

QMEA’S coaching program

https://aemq.org/en/certification-about/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Montreal, November 2, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to announce that drilling has resumed at its 100% owned Sakami project in Quebec’s Eeyou Istchee James Bay territory. The fully-funded fall and winter program has started and has been designed to expand the mineralized zone at the La Pointe Extension deposit with 10,000 m of drilling in 25 holes (see press release of June 9, 2021). Drill results from the summer program at the La Pointe deposit are still pending.

Normand Champigny, CEO of QPM, stated: “We are very excited about this next phase of drilling to test the richest and open at depth mineralization at the La Pointe Extension.”

Qualified Person

Normand Champigny, Eng., Chief Executive Officer of the Company, Qualified Person under
NI 43- 101 on standards of disclosure for mineral projects, has prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Montreal, October 18, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report it has received a $ 2,000,000 payment in connection with the sale of a 2% Net Smelter Return royalty on all payable metals from the mining rights of the Tansim lithium project (the “Project”) to Lithium Royalty Corporation (“LRC”). The sale is part of a transaction between Sayona Mining Limited and Sayona Québec Inc. (collectively, “Sayona Qc”) and LRC announced on September 30, 2021. 

On January 13, 2021, QPM had announced the receipt of a payment of $250,000 in reference to the exercise of the second option by Sayona Qc to acquire an additional undivided 50% interest in the Project’s mining rights forming part of the Project. Sayona Qc owns 100% interest in the Project.

Normand Champigny, CEO of QPM, stated: “This payment is another step in the completion of the monetization process of our non-core assets. This allows us to better fund our gold exploration programs in the James Bay region without the need for equity financing.”

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Highlights

• The 2021 summer surface sampling program expended the mineralized corridor at the Lloyd discovery area from 60 m to 4.2 km (Figures 1 & 2, photos 1, 2 & 3) and remains open in all directions. The most significant samples are as follows:
  • 68.1 g/t Au, 13.4 g/t Ag, 0.26 % Zn, 0.34 % Pb
  • 8.17 g/t Au, 41.2 g/t Ag, 0.21 % Zn, 1.65 % Pb 
  • 7.31 g/t Au, 18.3 g/t Ag, 0.28 % Zn, 0.46 % Pb 
  • 6.05 g/t Au, 4.6 g/t Ag
  • 5.97 g/t Au, 31.8 g/t Ag, 0.13 % Pb
• A new gold-bearing vein grading 61.8 g/t Au and 35.8 g/t Ag was discovered at the Georgekish showing in the north-central claim block of the project (Figures 1 & 3, photo 4)

Montreal, September 8, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB: CJCFF, FSE: YXEP) is pleased to report the grab sampling results from its Lloyd discovery located on its 100%-owned Elmer East Project (the “Project”) in Quebec’s Eeyou Istchee James Bay territory. A total of 153 grab samples were collected during the 2021 summer field program on the Project. This work was carried out with the participation of GoldSpot Discoveries Corp. (TSX.V: SPOT, OTCQX: SPOFF), following its gold targeting analysis in 2020 on the Project, and under the supervision of QPM. 

Normand Champigny, CEO of QPM, stated: “The 2021 summer surface sample results further confirm the excellent gold potential of the Elmer East project. We are going back to the field this month to improve our geological understanding of this extensive mineralized system to identify the best drill targets.”

The recent surface sampling work expands the mineralized corridor identified in 2020 from 60 m to 4.2 km (see press releases of September 16, 2020, and January 20, 2021). The mineralized rocks consist of a 1 to 2 m wide SW-NE trending and shallow-dipping, hematized, quartz±epidote-carbonate veins with open spaces crystallization and various amounts of sulphide minerals (galena, sphalerite, chalcopyrite and pyrite). Grab samples taken from veins returned gold values up to 68.1 g/t Au. Mineralization is hosted in a chloritized wacke near the contact with a polymictic conglomerate of the Wabamisk Formation.

Figures 1, 2 and 3 below summarize the grab sample results as well as their locations. The complete sampling results are available on QPM’s website.

The next phase of field work to be performed during September will be:

• Collection of orthophoto and LiDAR data by helicopter over a surface area of 4.8 km²;
• Characterization of the veins, including structures and mineralogy to better understand the mineralized systems of the discovery areas; and
• Channel sampling of the new high grade discoveries.

In addition to these encouraging results at the Lloyd’s discovery area, a new discovery denoted as Georgekish, a grab sample returned 61.8 g/t Au and 35.8 g/t Ag in the north-central claim block of the Elmer East Project. It consists of a deformed oxidized quartz vein (folded and dismembered) hosted in high strained chlorite altered conglomerates with disseminated pyrite and proximal to a gabbro dyke (see photo 4). This high-grade sample was collected within an interpreted NW-trending shear corridor, about 100 m to the SE of a 3.7 g/t Au grab sample collected during the 2020 summer.  These two high values highlight the potential of other discoveries along the interpreted NW-trending structure. Further field validation will be performed in this area.

The Elmer East project consists of 929 claims (488 km²). It is to be noted that grab samples are selected samples and are not representative of the mineralization hosted on the Project. Access to the Project is facilitated by the quality infrastructure of the James Bay region. 

Quality Assurance/Quality Control

Grab sample positions were recorded with a high-precision GPS. Quality assurance and quality control procedures have been implemented to ensure best practices in sampling and analysis of the channel samples. Standards and blanks were inserted regularly into the sample stream.

The samples were delivered, in secure tagged bags, directly to the ALS Minerals laboratory facility in Val-d’Or, Quebec. The samples are weighed and identified prior to sample preparation.

All samples are analyzed by fire assay with AA finish on a 30 g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au. Samples were also tested for 48 elements using four-acid digestion ICP-MS (MS-ME 61).

Qualified Persons

Normand Champigny, Eng., Chief Executive Officer of the Company, and Richard Nieminen,
P. Geo., Senior Exploration Manager, both Qualified Persons under NI 43- 101 on standards of disclosure for mineral projects, have prepared and approved the technical content of this release.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the Project and to advance to the mineral resource estimate stage.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advances geological modelling that saves time, reduces costs and provides accurate results.

For more information please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

Montreal, August 18, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB:  CJCFF, FSE: YXEP) announces that at its Annual shareholders meeting held on August 17, 2021, shareholders of the Company approved all the resolutions, as follows:

• Election of Mario Caron, Normand Champigny, Dominique Dionne, Paola Farnesi, John W.W. Hick, Jean-François Meilleur and Julie Robertson as directors; and
  
• Appointment of KPMG LLP as auditors.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the project and to advance the project to the mineral resource estimate stage.

For more information, please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

   Download PDF   |   View documents on Sedar

Montreal, August 12, 2021 – Quebec Precious Metals Corporation (“QPM” or the “Company”) (TSX.V: QPM, OTCQB:  CJCFF, FSE: YXEP) reminds its shareholders (the “Shareholders”) that its annual general meeting (the “Meeting”) will be held on August 17, 2021 at 10:00 a.m. (Eastern time), solely by means of remote communication, rather than in person, at the time and for the purposes set forth in the Notice of Meeting available on SEDAR under the Company’s profile and also on QPM’s web site.

Registered shareholders and duly appointed proxyholders can virtually attend, participate, vote or submit questions at the virtual Meeting online by registering before August 13, 2021 at the following link:

https://bit.ly/3igw3do

After registering, you will receive a confirmation email with access instructions. A Shareholder will not be able to attend the Meeting without first registering on the link indicated above. To ensure a smooth process, the Company is asking registered participants to log in by 09:45 a.m. (Eastern time) on August 17, 2021.

About Quebec Precious Metals Corporation

QPM is a gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore the project and to advance the project to the mineral resource estimate stage.

For more information, please contact:

Jean-François Meilleur
President
Tel.: 514 951-2730
jfmeilleur@qpmcorp.ca

Normand Champigny
Chief Executive Officer
Tel.: 514 979-4746
nchampigny@qpmcorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.